sellers are testing the waters below the wedge
bottom and looking to take out the April
21 low, 7682. A break below there would target the multi-year lows around .7550. On the other hand, a false break/trip back above the wedge
top, would negate the wedge
and suggest pair is actually ranging. We are short from .7756 with a breakeven plus 2 stop - ready for either scenario.